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Profile Group Acquires 100% Of Plexcrown Fund Ratings

06 November 2018 The Profile Group

The Profile Group increased its stake in local fund rating agency PlexCrown Fund Ratings (Pty) Limited to 100%, thereby consolidating its position together with subsidiary, ProfileData (Pty) Limited, to become the leading supplier of funds data and ratings in the local market.

Collective investments in South Africa is an industry managing well over two trillian rand. The number of domestic collective investments offered by South African institutions outnumber JSE-listed shares by three to one and have grown to over 1 500
funds from some 700 funds five years ago. Together with ETFs, investors are hardpressed to know which products to buy.


Since 2005, PlexCrown has earned a reputation as the local leading retail unit trust fund rating agency in South Africa. Its ratings are independent, unbiased and completely objective and are based on a combination of various recognised statistical
measures.


“We pride ourselves on being in the forefront of statistical research especially in the unit trust industry where we have developed rating and information products to serve our stakeholders such as investors, investment advisors, investment managers,
regulatory authorities and life offices”, says Ernie Alexander, Chairman of the Profile Group. PlexCrown does the calculations for the coveted Raging Bull Awards based on risk-adjusted returns by applying the PlexCrown methodology. We are also honoured
to determine the much sought-after Raging Bull Management Company of the Year Award.

Quick Polls

QUESTION

With regards to the COFI Bill, do you believe lumping the health and finance sector in the same basket will sustain the financial sector?

ANSWER

Yes, it forms part of the FSCA’s mandate to protect and maintain the sustainability of the financial sector, and to legislate fairness and make it the law
No, the products are different therefore the health sector should not have to be subjected to similar conduct requirements
This will cause problems. More consultations should be conducted before the final version of the COFI Bill is sent to Parliament for promulgation
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FAnews April 2019 Get the latest issue of FAnews

This month's headlines

Differences aside… in the name of fairness
Advice… now more important than ever
COFI… is this a reason to be positive?
Cyber cover: One size does not fit all
The need for member education
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